MISSISSAUGA, ON, May 4, 2026 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) today announced financial results for the first quarter ended March 31, 2026.

“We are pleased to have delivered year-over-year revenue growth in the first quarter of 2026, despite ongoing international trade uncertainty and disruption, and against an exceptionally strong first quarter in 2025. Domestic revenues were steady and resilient year over year despite market headwinds and geopolitical conditions, demonstrating the durability of our business. This performance reflects the resilience, adaptability, and discipline of our team, as we continued to deliver industry-leading on-time performance at 99.2% during a challenging operating environment”, said Pauline Dhillon, Chief Executive Officer. “Our focus on operational excellence and cost discipline resulted in improved year-over-year Adjusted EBITDA⁽¹⁾ of $81.9 million and Adjusted EBITDA margin⁽¹⁾ of 32.2%. These results underscore the strength of our business model and the commitment of our people, whose dedication and professionalism continue to drive our success. I remain deeply grateful for their contributions.”

For the quarter ended March 31, 2026:

• Total revenues were $254.7 million, an increase of $4.8 million or 1.9% compared to the same period of the previous year, supported by a $12.1 million or 26.3% increase in Charter revenues, partially offset by a decrease in ACMI revenue driven primarily by macroeconomic conditions and an increase in amortization of contract assets. Domestic revenue remained flat year over year.
• Adjusted EBITDA was $81.9 million, an increase of $1.1 million or 1.4% compared to the same quarter of the previous year.
• Adjusted EBITDA margin was 32.2%, relatively consistent with 32.3% in the same quarter last year.
• Free Cash Flow was an inflow of $87.4 million, an increase of $133.3 million compared to an outflow of $45.9 million in the same quarter last year driven by an increase in proceeds from asset disposals and related notes receivable, net of additions, of $128.2 million, and an increase in cash flow from operations of $5.1 million.
• Net earnings of $4.1 million, a decrease of $43.9 million compared to net earnings of $48.0 million for the first quarter of 2025 primarily driven by gross margin decrease of $12.4 million, an increase of $8.4 million in selling, general and administrative expenses mostly due to higher share-based compensation and an increase of $21.9 million in net finance costs and other gains and losses.

About Cargojet

Cargojet is Canada’s leading provider of time sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI and International Charter services and carries over 25,000,000 pounds of cargo weekly. Cargojet operates its network with its own cargo fleet of 41 aircraft.

MISSISSAUGA, ON, April 2, 2026 /CNW/ – Cargojet Inc. (TSX: CJT) (“Cargojet” or the “Company”) today announced that it has entered into an agreement to divest its minority investment in 21 Air LLC, a Miami-based air cargo operator.

“This decision strengthens our focus on our robust domestic network, ACMI and charter operations, while allowing us to deploy capital in areas aligned with Cargojet’s core strengths,” said Pauline Dhillon, Chief Executive Officer.

Originally acquired in 2021, the investment in 21 Air provided valuable collaboration and insight into the U.S. cargo market. As Cargojet continues to execute on its strategic priorities, the Company is streamlining its efforts toward areas where it has a clear strategic advantage.

Following Cargojet’s divestment of its minority investment in 21 Air, Cargojet and 21 Air will continue to collaborate on select commercial opportunities to support customers in the growing air cargo market.

About Cargojet

Cargojet is Canada’s leading provider of time-sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI and International Charter services and carrying over 25,000,000 pounds of cargo weekly. Cargojet operates its network with its own fleet of 41 aircraft.

Company delivers strong year-over-year EBITDA growth and EBITDA margin expansion in the fourth quarter

MISSISSAUGA, ON, Feb. 24, 2026 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) today announced financial results for the fourth quarter and year ended December 31, 2025.

“Our disciplined execution and customer-first operating model delivered fourth quarter EBITDA growth of $3.3 million and margin expansion of 210 basis points year-over-year, supported by nearly 17% domestic revenue growth. Through one of the most challenging winter operating environments in recent years, our team achieved 99% on-time performance – a result that reflects the strength of the best team in the industry. Their professionalism, precision, and relentless execution drive our best-in-class reliability,” said Pauline Dhillon, Chief Executive Officer. “We are sincerely grateful to our customers for their continued trust. Performance earns partnership, and we work every day to strengthen that trust. Our priorities remain clear: profitable growth, maximum utilization of our fixed assets and infrastructure, rigorous cost discipline, and an uncompromising focus on safety. This operational excellence and financial discipline are what protect and grow the shareholder value that investors place their trust in us to deliver. I thank our Cargojet team members for setting the standard for this industry – and raising it”.

For the quarter ended December 31, 2025:

• Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) was $95.0 million, an increase of $3.3 million or 3.6% compared to the same quarter of the previous year primarily driven by lower direct and SG&A costs excluding depreciation and share-based compensation, partially offset by lower revenue excluding amortization of stock warrant contract assets.
• Adjusted EBITDA margin of 33.4%, up 210 basis points compared to the same quarter last year, primarily driven by lower direct and SG&A costs excluding depreciation and share-based compensation, partially offset by lower revenue excluding amortization of stock warrant contract assets.
• Total revenues were $284.7 million, a decrease of $8.5 million or 2.9% compared to the same period of the previous year, supported by a $17.4 million or 16.9% year-over-year increase in domestic revenue, more than offset by declines in ACMI and Charter revenues driven primarily by macroeconomic conditions.
• Free Cash Flow was an outflow of $9.8 million, an increase of $23.5 million compared to an outflow of $33.3 million in the same quarter last year driven by a decrease in proceeds from disposal of property, plant and equipment and assets held for sale, net of purchases, of $93.0 million, partially offset by a decrease in cash flow from operations of $69.5 million primarily due to changes in non-cash working capital.
• Net earnings of $26.6 million, a decrease of $44.6 million or 62.6% compared to net earnings of $71.2 million for the fourth quarter of 2024 primarily driven by an increase of $37.7 million in net finance costs and other gains and losses.

About Cargojet

Cargojet is Canada’s leading provider of time sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI and International Charter services and carries over 25,000,000 pounds of cargo weekly. Cargojet operates its network with its own cargo fleet of 41 aircraft.

MISSISSAUGA, ON, Nov. 4, 2025 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) today announced that Pauline Dhillon will assume the role of Chief Executive Officer, effective January 1, 2026.

Pauline has been a Founding Partner with the company since its inception, and during her illustrious 24-year career, she has held roles of increasing responsibility, including Vice President, Corporate Marketing & Government Affairs, Chief Corporate Officer and, more recently, Co-CEO. She has successfully overseen corporate functions including Human Resources, Finance and Information Technology, Regulatory Affairs, Strategic Customer Management, Charter Sales, Revenue Optimization, Maintenance, and Stakeholder Management. Pauline has also been instrumental in building a strong and effective leadership team to support Cargojet’s continued growth.

“Pauline’s strategic vision, deep understanding of our operations, and commitment to our customers and employees make her the ideal choice to lead Cargojet into the future,” said Ajay Virmani, Executive Chairman of Cargojet. “Pauline embodies what Cargojet stands for in every respect and has been at the forefront of building a customer-centric culture that has become the foundation of our success,” concluded Mr. Virmani.

Incoming CEO, Pauline Dhillon, commented, “I am honoured to take on this role and excited about the opportunities ahead. We have a talented team at Cargojet, and I am confident that together we will continue to deliver exceptional service to our customers and drive sustainable growth for our shareholders.”

With Pauline Dhillon at the helm, Cargojet is well-positioned to capitalize on new growth opportunities, particularly in the European and Asian markets. The company’s proven business model, strong customer relationships, and commitment to operational excellence will be key drivers of success as it expands its global footprint and taps into new high-growth markets.

About Cargojet

Cargojet is Canada’s leading provider of time-sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI, and International Charter services carrying over 25,000,000 pounds of cargo weekly. Cargojet operates a fleet of 41 freighter aircraft.

MISSISSAUGA, ON, Nov. 4, 2025 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) today announced the upcoming retirement of Co-CEO and Founding Member Jamie B. Porteous, effective December 31, 2025. After an extraordinary career spanning more than two decades, Jamie will step down from his executive role to spend more time with family and pursue personal passions. To ensure continuity and stability, Jamie will remain with the company as Strategic Advisor until December 31, 2026, continuing to guide key relationships and support the leadership team through this important transition.

As one of Cargojet’s founding members, Jamie has been a cornerstone of the company’s growth and success. His vision, integrity, and deep understanding of the business helped transform Cargojet from a bold start-up idea into Canada’s premier air cargo carrier and a respected global brand. He has been instrumental in building enduring customer partnerships and fostering a culture defined by service excellence, trust, and collaboration.

“Working alongside Ajay Virmani, Founder and Executive Chairman, and Pauline Dhillon, Co-CEO, has been the highlight of my professional life,” said Jamie Porteous. “From our earliest days, we shared a common dream – and together, we built a truly Canadian success story from both a transportation and public company perspective. I’m immensely proud of what we’ve achieved, and deeply grateful to our incredible team, past and present, whose hard work and dedication have made it all possible. “I look forward to this next chapter – spending more time with my family and friends while continuing to support Cargojet in my advisory role and with the confidence in the continued positive stewardship and growth of the business for many more years to come.”

“Jamie’s impact on Cargojet cannot be overstated,” said Ajay Virmani, Executive Chairman. “He has been a trusted partner, a steady hand, and a true ambassador of our values. His leadership and loyalty have helped shape Cargojet’s identity and drive its growth for nearly a quarter of a century. Having Jamie remain with us as Strategic Advisor is a tremendous advantage – his insight, experience, and relationships will continue to guide our team as we build on the foundation he helped create. We thank Jamie for his unwavering dedication, wish him and his family every happiness in this next chapter, and look forward to his continued counsel and friendship.”

In conjunction with this announcement, Cargojet has issued a separate release introducing its new Chief Executive Officer.

About Cargojet

Cargojet is Canada’s leading provider of time-sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI, and International Charter services carrying over 25,000,000 pounds of cargo weekly. Cargojet operates a fleet of 41 freighter aircraft.

Canada’s leading air cargo carrier delivers robust profitability and cash flow in a period of unprecedented volatility

MISSISSAUGA, ON, Nov. 4, 2025 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) today announced financial results for the third quarter ended September 30, 2025.

“The resilience of Cargojet’s business model was proven this quarter as our core Domestic Network revenue increased by more than 6% year-over-year. Despite near-term macroeconomic headwinds impacting our ACMI and Charter lines of business, we remain optimistic that international trade will stabilize and find new norms in the longer term, and we will continue to pursue new opportunities as a result.” said Jamie Porteous, Co‑Chief Executive Officer.

“We delivered a robust EBITDA margin of 32.0% and free cash flow of $152.4 million in the third quarter of 2025, up 219% year-over-year as a result of our disciplined approach to cost and capital management. Our clear focus remains on exceptional reliability and service to our customers, which we believe is the key to long-term success through challenging times,” said Pauline Dhillon, Co-Chief Executive Officer. “I want to sincerely thank each of our incredible Cargojet team members who deliver that exceptional customer service every day.”

For the third quarter ended September 30, 2025:

• Total revenues were $219.9 million, a decrease of $25.7 million or 10.5% compared to the same period of the previous year, supported by a $5.9 million or 6.3% year-over-year increase in domestic revenue, more than offset by declines in ACMI and Charter revenues driven primarily by macroeconomic conditions.
• Free Cash Flow was $152.4 million, an increase of $104.6 million or 218.8% compared to the same quarter last year primarily driven by an increase in cash flow from operations of $15.9 million and an increase in proceeds from disposal of property, plant and equipment and assets held for sale, net of purchases, of $88.7 million.
• Adjusted EBITDA margin of 32.0%, down 1.5% compared to the same quarter last year, primarily driven by lower net earnings impacted by declines in ACMI and Charter revenues driven primarily by macroeconomic conditions.
• Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) was $70.4 million, a decrease of $11.8 million or 14.4% compared to the same quarter of the previous year primarily driven by lower net earnings impacted by declines in ACMI and Charter revenues driven primarily by macroeconomic conditions.
• Net earnings of $8.8 million, a decrease of $20.9 million or 70.4% compared to net earnings of $29.7 million for the third quarter of 2024 impacted by declines in ACMI and Charter revenues driven primarily by macroeconomic conditions.

MISSISSAUGA, ON, Oct. 30, 2025 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) proudly announces a scheduled direct air cargo service connecting Canada and expanding into Europe, effective November 1, 2025. The service will link Liege Airport (LGG), Europe’s leading cargo gateway, with Canada’s major cargo hubs.

“Leveraging Cargojet’s industry-leading record of on-time performance and reliability, we are strengthening the ties between Canada and Europe while expanding opportunities for our customers,” said Pauline Dhillon and Jamie Porteous, Co-Chief Executive Officers, in a joint statement. “This service allows Cargojet to be at the centre of transatlantic trade, supporting the forwarder community’s evolving needs with faster transits, reliable service, and enhanced flexibility for shippers across both continents.”

“We are thrilled to welcome Cargojet to Liege Airport, recognized as one of Europe’s very best cargo hubs”, remarks Torsten Wefers, VP Marketing & Sales, Liege Airport. “This partnership represents a major step forward for the LGG community and for Europe–Canada logistics, unlocking new potential and connectivity for our customers and partners.”

This weekly service marks a significant expansion of Cargojet’s global network, providing customers with dependable, time-sensitive capacity and enhanced connectivity across continents. Integrated within Cargojet’s domestic overnight network, the route will offer streamlined connections across Canada, improving overall transit times and providing greater flexibility for freight forwarders, logistics providers, and shippers.

Operating on an initial once-weekly schedule, the route enhances access to one of Europe’s most strategic cargo hubs, with plans to increase frequency as demand and opportunities continue to grow. This integration supports Cargojet’s long-term expansion strategy and reinforces its position as a reliable partner in the global logistics market.

About Cargojet

Cargojet is Canada’s leading provider of time-sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI, and International Charter services carrying over 25,000,000 pounds of cargo weekly. Cargojet operates a fleet of all Boeing aircraft.

MISSISSAUGA, ON, Oct. 22, 2025 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) today announced the successful renewal of its International Air Transport Association (IATA) Operational Safety Audit (IOSA) registration. IOSA is the globally recognized benchmark that evaluates an airline’s operational management and control systems using standardized, internationally accepted audit principles.

“Safety is at the core of everything we do. This renewal highlights the strength of Cargojet’s operational standards and our commitment to maintaining the highest levels of safety and compliance across our global network. Our success also relies on a culture of continuous improvement. This demonstrates the exceptional work of our teams, who consistently go above and beyond to uphold the standards that define Cargojet’s reputation for reliability and service excellence,” said Co-CEOs Jamie Porteous and Pauline Dhillon in a joint statement.

IATA’s mission is to represent, lead, and serve the airline industry. With approximately 350 member airlines accounting for over 80% of global air traffic, IOSA registration is widely recognized as a benchmark of operational excellence and safety. Cargojet is proud to be a full IATA airline member, reinforcing our commitment to the highest global practices in the air cargo industry.

Cargojet extends its sincere appreciation to its dedicated professionals for their focus, teamwork, and ongoing commitment to maintaining the highest standards of operational safety and performance.

About Cargojet 

Cargojet is Canada’s leading provider of time-sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI, and International Charter services and carrying over 25,000,000 pounds of cargo weekly. Cargojet operates a fleet of all Boeing aircraft. 

MISSISSAUGA, ON, Aug. 18, 2025 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) today announced that it has successfully retained its ISO 9001:2015 Quality Standard Accreditation for the twenty-third consecutive year. Cargojet remains the only air cargo carrier in Canada to consistently hold this certification.

“This accreditation reinforces Cargojet’s commitment to delivering high-quality, safe, reliable, and timely service every day. It reflects the ongoing reviews and audits of our quality management systems to ensure they are effectively implemented. Most importantly, it is a testament to the dedication of our team, whose efforts consistently exceed customer expectations while upholding the highest standards, processes, and procedures,” said Jamie B. Porteous and Pauline Dhillon, Co-CEOs of Cargojet.

About Cargojet

Cargojet is Canada’s leading provider of time-sensitive premium air cargo services to all major cities across North America. The company provides Dedicated, ACMI, and International Charter services and transports more than 25 million pounds of cargo weekly. Cargojet operates a fleet consisting exclusively of Boeing aircraft.